A 15-year fixed mortgage, as the name suggests, is a loan that you pay back within 15 years. While your monthly payments will be higher than any other type of mortgage loan, there are also some great benefits to enjoy! You’ll own your home outright in less time, your interest rates will be lower, and you’ll pay less interest overall.
When you partner with Loan Cabin to take out a 15-year fixed home loan, you’ll get: